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A Barbarous Box Office for Lions Gate

Underperformance of the film Conan the Barbarian will hurt earnings.

We are decreasing estimates for Lions Gate Entertainment's current quarter, this being fiscal-second-quarter 2012, due to two theatrical releases in a row, Conan the Barbarian and Warrior, which have performed well below our expectations.

As a result, with a net $30 million shortfall on theatrical revenue relative to our previous projections,...